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Cheapest Car Insurance Companies and Quotes in Illinois

Multiple factors affect your ability to find affordable car insurance in Illinois. Based on comprehensive and collision coverage for the average driver, MoneyGeek ranked the cheapest auto insurance providers. You can compare quotes and average annual rates from several companies to get a picture of the amount you’ll need to pay.

Average Comprehensive and Collision Rates in Illinois
Company
Amount
1. GEICO
In 2020, GEICO ranked #1 in Illinois for the cheapest car insurance on average.
$789
per year
2. Mercury
In 2020, Mercury ranked #2 in Illinois for the cheapest car insurance on average.
$860
per year
3. Country Financial
In 2020, Country Financial ranked #3 in Illinois for the cheapest car insurance on average.
$867
per year
4. USAA
In 2020, USAA ranked #4 in Illinois for the cheapest car insurance on average.
$871
per year
5. State Farm
In 2020, State Farm ranked #5 in Illinois for the cheapest car insurance on average.
$948
per year

The above rates are approximate prices for an average driver. Each insurer has different methods for determining premium rates. Some companies charge much higher rates if you have a speeding ticket or DUI on your record. Others may offer significant rebates for your car’s safety features, for high school students with excellent grades or people with a clean driving record. Therefore, you can shop around to find the best price and coverage for you.

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Cheapest Liability Car Insurance in Illinois

Auto liability insurance is a requirement that all motor vehicle owners must comply with in Illinois. Liability coverage will pay for third-party bodily injuries or property damage if you cause an accident. For most Illinois vehicle owners, the cheapest policy option for a minimum state liability coverage of 25/50/20 comes from GEICO. Meanwhile, Mercury offers the most affordable average premium for a higher 50/100/50 coverage level. In addition to liability coverage, Illinois also requires you to have uninsured motorist coverage.

Average Cost for Liability Coverage
Company
Amount
1. GEICO
In 2020, GEICO ranked #1 in Illinois for the cheapest car insurance for liability-only car insurance.
$366
per year
2. Mercury
In 2020, Mercury ranked #2 in Illinois for the cheapest car insurance for liability-only car insurance.
$367
per year
3. Country Financial
In 2020, Country Financial ranked #3 in Illinois for the cheapest car insurance for liability-only car insurance.
$385
per year
4. USAA
In 2020, USAA ranked #4 in Illinois for the cheapest car insurance for liability-only car insurance.
$411
per year
5. State Farm
In 2020, State Farm ranked #5 in Illinois for the cheapest car insurance for liability-only car insurance.
$454
per year

The Best Car Insurance Companies in Illinois for 2020

MoneyGeek analyzed various factors, including financial strength, claims experience, affordability and customer satisfaction, to rank the best car insurance providers in Illinois. To get a score for each parameter, MoneyGeek evaluated data from both AM Best’s financial strength ratings and J.D. Power’s U.S. Auto Insurance Study, which are widely used in the industry for insurance carrier reviews and ratings. MoneyGeek gave equal weight to each study, along with pricing data, to compute the final rating score out of 100.

Expand All Rankings +

1

USAAScore: 100
+

5/5

User Satisfaction

5/5

Claims Ratings

5/5

Affordability

A++

Financial Stability

2

ErieScore: 95
+

5/5

User Satisfaction

4/5

Claims Ratings

5/5

Affordability

A+

Financial Stability

3

United Farm Bureau of IN GroupScore: 92.5
+

5/5

User Satisfaction

4/5

Claims Ratings

5/5

Affordability

A

Financial Stability

4

HartfordScore: 87.5
+

4/5

User Satisfaction

4/5

Claims Ratings

3/5

Affordability

A+

Financial Stability

5

Auto-Owners Insurance CoScore: 87.5
+

3/5

User Satisfaction

4/5

Claims Ratings

3/5

Affordability

A++

Financial Stability

6

GEICOScore: 87.5
+

3/5

User Satisfaction

2/5

Claims Ratings

5/5

Affordability

A++

Financial Stability

7

Cincinnati Insurance CompaniesScore: 87.5
+

3/5

User Satisfaction

5/5

Claims Ratings

3/5

Affordability

A+

Financial Stability

8

Country FinancialScore: 85
+

4/5

User Satisfaction

3/5

Claims Ratings

3/5

Affordability

A+

Financial Stability

9

State FarmScore: 85
+

4/5

User Satisfaction

3/5

Claims Ratings

4/5

Affordability

A

Financial Stability

10

Farm Bureau Ins of MIScore: 82.5
+

4/5

User Satisfaction

4/5

Claims Ratings

3/5

Affordability

A-

Financial Stability

While USAA scores highly in many areas, this provider is only available to military members, veterans and their families.

Market Share by Company

According to the National Association of Insurance Commissioners (NAIC), State Farm, GEICO and Progressive are the largest insurers in America. The table below shows the largest auto insurance companies in Illinois based on the number of people insured.

Company
Market Share
1. State Farm
30.3%
2. Allstate
11.5%
3. Progressive
6.8%
4. GEICO
6.8%
5. Country Financial
6.6%
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What Is the Average Cost of Car Insurance in Illinois?

Many factors influence auto insurance rates in Illinois. MoneyGeek computed the average prices for 100/300/100 comprehensive and collision insurance for a 40-year-old male driver of a Toyota Camry without any record of accidents or tickets. Depending on your age, driving history, location and coverage level, your auto insurance premium may be lower or higher than these Illinois averages.

  • Average Driver: $1,134
  • DUI: $2,181
  • Speeding Ticket: $1,452
  • Poor Credit Score: $1,944
  • Seniors: $1,183
  • Students: $3,133

Cheapest Car Insurance for Drivers With a DUI in Illinois

Getting a DUI can greatly affect your chances of getting affordable car insurance rates in the state of Illinois. According to the Centers for Disease Control and Prevention, 2.2% of drivers in Illinois have admitted driving after having too much to drink. 3,148 people in Illinois died from 2009-2018 due to accidents caused by alcohol-impaired drivers. On average, 18 arrests per 100,000 people in Illinois are for driving while under the influence. The following table is an estimate of what people who have a DUI can expect to pay when they start looking for auto insurance in Illinois.

Average Car Insurance Rates With a DUI
Company
Amount
1. State Farm
In 2020, State Farm ranked #1 in Illinois for the cheapest car insurance for drivers with a DUI.
$1,035
per year
2. Progressive
In 2020, Progressive ranked #2 in Illinois for the cheapest car insurance for drivers with a DUI.
$1,080
per year
3. Mercury
In 2020, Mercury ranked #3 in Illinois for the cheapest car insurance for drivers with a DUI.
$1,119
per year
4. Country Financial
In 2020, Country Financial ranked #4 in Illinois for the cheapest car insurance for drivers with a DUI.
$1,191
per year
5. Erie
In 2020, Erie ranked #5 in Illinois for the cheapest car insurance for drivers with a DUI.
$1,580
per year

A DUI can impact auto insurance rates for as long as it stays on your criminal record. Drivers with repeated offenses can lose their license for ten years in Illinois. You can expect to pay higher rates which can increase your insurance premiums to well over $20,000. With a DUI, you will want to compare car insurance quotes to find the best rate in Illinois based on your personal factors.

Cheapest Car Insurance With Tickets in Illinois

According to the National Highway Traffic Safety Administration, there were 948 crashes in Illinois due to distracted driving in 2018. Handheld devices and texting are against the law and can cause you to get a ticket for distracted driving in Illinois, which can reduce your chances of getting cheap car insurance.

Average Car Insurance Rates With a Ticket
Company
Amount
1. GEICO
In 2020, GEICO ranked #1 in Illinois for the cheapest car insurance for distracted drivers.
$960
per year
2. State Farm
In 2020, State Farm ranked #2 in Illinois for the cheapest car insurance for distracted drivers.
$1,035
per year
3. USAA
In 2020, USAA ranked #3 in Illinois for the cheapest car insurance for distracted drivers.
$1,053
per year
4. Erie
In 2020, Erie ranked #4 in Illinois for the cheapest car insurance for distracted drivers.
$1,057
per year
5. Country Financial
In 2020, Country Financial ranked #5 in Illinois for the cheapest car insurance for distracted drivers.
$1,082
per year

To get the best rates, know the posted speed limit and avoid speeding. Also, don’t use your phone or drive while distracted, which can include talking with passengers or eating and drinking. Expect a ticket to increase your insurance rates for the same amount of time it stays on your driving record.

Cheapest Car Insurance Companies in Illinois for Drivers With Bad Credit

Credit scores are used in Illinois to determine the financial ability to pay insurance premiums and the likelihood of making an insurance claim. According to Experian, the average credit score in Illinois is 709, which means most residents can likely qualify for affordable car insurance. An insurance company should tell you if they use a scoring model when you request your free car insurance quotes. Checking your credit for an insurance quote will not affect your score negatively. The following table provides estimates of what Illinois residents with bad credit can expect to pay for auto insurance in the state.

Average Car Insurance Rates for Drivers With Bad Credit
Company
Amount
1. Country Financial
In 2020, Country Financial ranked #1 in Illinois for the cheapest car insurance for drivers with poor credit.
$1,182
per year
2. Mercury
In 2020, Mercury ranked #2 in Illinois for the cheapest car insurance for drivers with poor credit.
$1,365
per year
3. USAA
In 2020, USAA ranked #3 in Illinois for the cheapest car insurance for drivers with poor credit.
$1,401
per year
4. GEICO
In 2020, GEICO ranked #4 in Illinois for the cheapest car insurance for drivers with poor credit.
$1,575
per year
5. Allstate
In 2020, Allstate ranked #5 in Illinois for the cheapest car insurance for drivers with poor credit.
$1,660
per year

Scoring criteria that provides insurance rates is not the same as applying for a loan or mortgage and varies for each insurance company. Even if you think you have bad credit, you might still qualify for cheap insurance. Here are some tips on raising your credit score, which can help improve insurance rate quotes.

Cheapest Car Insurance Companies in Illinois for Seniors

Seniors may notice their insurance premiums increase over time once they turn 65. In 2017, senior drivers accounted for 13.4% of fatal crashes in Illinois.

Elderly residents over the age of 65 can expect to take a Rules of the Road course and a written exam before renewing their driver’s license in Illinois. They will have to retake the driving test when they turn 75.

The following table provides estimates of what seniors in Illinois can expect to pay for auto insurance.

Average Car Insurance Rates for Seniors
Company
Amount
1. GEICO
In 2020, GEICO ranked #1 in Illinois for the cheapest car insurance for seniors.
$782
per year
2. Country Financial
In 2020, Country Financial ranked #2 in Illinois for the cheapest car insurance for seniors.
$866
per year
3. USAA
In 2020, USAA ranked #3 in Illinois for the cheapest car insurance for seniors.
$920
per year
4. State Farm
In 2020, State Farm ranked #4 in Illinois for the cheapest car insurance for seniors.
$927
per year
5. Mercury
In 2020, Mercury ranked #5 in Illinois for the cheapest car insurance for seniors.
$992
per year

Seniors can have slower reaction time behind the wheel but also tend to take more precautions than other age groups when driving. If you have a senior with a clean driving history and good credit, you can still qualify for cheap car insurance in Illinois.

Cheapest Car Insurance for Students in Illinois

If you’re a parent of a teenager or a college student, you should expect to pay more for premiums to insure the riskiest age group of drivers compared to other age groups. However, there are discounts available that help drive these costs down. While your teen driver is just starting out, you can add them to your plan. This is a much more affordable option than getting them their own policy. You should shop around for the best options and premiums for your teen and college-aged driver.

If your college student is more than 100 miles away at school and did not take a car with them, a discount may be available. Students with a “B” GPA or higher can also help reduce insurance premiums through good student discounts. Those savings can quickly evaporate since tickets for speeding and distracted driving can drive up costs. Young drivers should eliminate distractions and avoid speeding to maintain cheap and affordable car insurance in Illinois. The following table provides some estimates of what parents can expect to pay for their young driver’s auto insurance.

Average Car Insurance Rates for Students
Company
Amount
1. Progressive
In 2020, Progressive ranked #1 in Illinois for the cheapest car insurance for students.
$2,212
per year
2. GEICO
In 2020, GEICO ranked #2 in Illinois for the cheapest car insurance for students.
$2,351
per year
3. State Farm
In 2020, State Farm ranked #3 in Illinois for the cheapest car insurance for students.
$2,766
per year
4. Allstate
In 2020, Allstate ranked #4 in Illinois for the cheapest car insurance for students.
$3,241
per year
5. Nationwide
In 2020, Nationwide ranked #5 in Illinois for the cheapest car insurance for students.
$5,095
per year

Insurance Rate Information for Military Drivers and Veterans

Many insurance companies in Illinois offer discounted rates to active duty military and veterans. Armed Forces Insurance (AFI), founded in 1887, is one company that caters exclusively to veterans and military families. Essentially, AFI is owned by its policyholders.

By comparing quotes and shopping around, military families stationed in Illinois can save money and possibly enjoy additional discounts. With more than 20,500 active-duty military personnel living in the state, Illinois requires proof of policy before you can show up at the DMV to register your vehicle. The Illinois Department of Insurance operates a consumer services division with staff to answer questions about the state's auto insurance requirements.

The following table provides estimates of what military members and their families can expect to pay for auto insurance in Illinois.

Average Rates for Illinois service members

male
25 years$1,435
50 years$1,090
female
25 years$1,274
50 years$1,092

Car Insurance in Illinois: What You Need to Know

If you register and drive a car in Illinois, you must acquire insurance. The good news: that 1968 Mustang you've been working on for years in the garage does not need insurance as long as it remains inoperable. However, you may want to consider comprehensive-only coverage for theft and weather protection.

Proof of Insurance in Illinois

Proof of insurance in Illinois can either be printed on a card or stored on an electronic device, such as a smartphone. The information on the card — vehicle year, make, model and identification number — should match the car you're driving. Your card should also contain the insurance company name, the policy number and the dates the policy is valid for. In addition, the card should include the name of the insured driver, which should match the name on your driver's license.

You'll need proof of insurance when:

  • You're pulled over for a traffic offense
  • You've been in an accident
  • You reply to the Illinois insurance questionnaire
  • You register your vehicle or renew the registration

Minimum Liability Insurance Requirements in Illinois

Before 2015, Illinois used to require less insurance than most other states. But the state has since raised the minimum levels to typical coverage levels:

  • $25,000 liability coverage per person
  • $50,000 liability coverage per accident
  • $20,000 property damage coverage
  • $20,000 uninsured motorist coverage per person
  • $40,000 uninsured motorist coverage per accident

Uninsured motorist insurance will cover you if your car is struck in a hit-and-run accident or by someone with no liability insurance. If you buy more than the minimum required for uninsured motorist insurance, you'll also need to get underinsured motorist insurance. This way, if an underinsured driver is at fault, your policy will pay the difference between that driver's liability insurance and the amount of uninsured motorist coverage you purchased.

Alternatives to Insurance in Illinois

Unless you own a fleet of more than 25 vehicles, Illinois doesn't offer any insurance alternatives. However, if you have 26 vehicles or more, you can choose to self-insure them.

High-Risk Auto Insurance Program in Illinois

"Problem drivers" with a history of accidents or severe driving violations may have to carry financial responsibility insurance (SR-22). This requires a driver to put down a deposit or file a bond worth $70,000 to prove that they will be able to cover any future accidents.

How Much Coverage Do You Need in Illinois?

The cheapest car insurance available may not be an option for you. The minimum level of liability insurance doesn't cover your own vehicle or potential injuries. Your personal needs and finances should guide your decision, but insurance experts generally recommend buying $100,000/$300,000 of liability coverage for full protection.

You may benefit from other types of insurance as well. Illinois is bordered by the Mississippi River and is thus at risk of flooding. Comprehensive coverage can help owners repair or replace cars damaged by floods and other natural disasters, while collision insurance protects cars damaged by other vehicles.

Car insurance companies use your location to calculate your rate.
Explore average rates for your city.

Expert Advice on Finding Cheap Car Insurance in Illinois

To help you find trustworthy and accurate details on car insurance in Illinois, MoneyGeek gathered expert advice from established professionals. The perspectives and sentiments conveyed are those of the individual contributor.

  1. What are the key factors drivers in Illinois should look for when searching for reliable and affordable coverage?

    When shopping for coverage, it is important to compare apples to apples. It is equally important to educate yourself on the various types of coverages and the protection each provides. You should know the level and type of coverages you are seeking when obtaining quotes. You should also ask the agent to provide rating information on the various options if multiple companies are being considered. Go online and do your own research. If using an independent agent that carries products from multiple carriers, ask them questions regarding their current customer experiences with the various carriers. How is the company at paying out claims? Do they tend to pay out claims quickly? How long have you been selling this company's products? What is the difference between the carrier options? How do they compare to large insurance companies?

    In general, drivers in Illinois should pay attention to the minimum liability coverage required by the state law, do sufficient background checks with the candidate insurers, and choose the coverage that fits their own situations. When purchasing a policy, it would be helpful to find a reliable agent who can explain the terms to the drivers, otherwise the drivers should spend time reading through the terms and understand the calculations before making the final decision.

    If drivers choose to go with the smaller and local insurance companies that may offer more attractive rates than the bigger and nationwide competitors, it is critical for the drivers to assure that the insurers are reliable by checking if they are licensed and financially stable. The Illinois Department of Insurance maintains a website disclosing all the necessary information for licensed insurers.

    The factors that affect auto insurance premiums in Illinois are similar to those in other states. The make and model of the car, driving record, past claims, as well as age, gender, and marital status affect insurance premiums. An individual's education, occupation, credit, as well as place of residence, along with the type and amount of coverage impact the premium.

  2. How do regulations and rules in Illinois impact insurance pricing and how consumers might shop for coverage?

    Illinois requires mandatory liability ($25,000/$50,000) and property damage ($20,000) coverage. (Source: Cyber Drive Illinois) Driving with the state minimum is probably not wise for most drivers, as one serious at-fault accident could far exceed the state minimum. Consumers purchase insurance to protect themselves. Having a policy with a low level of coverage or the state minimum can often give consumers a false sense of security and lead to significant out of pocket costs. Most people focus too much on the premium and not enough on having an adequate amount or level of coverage.

    Regulations and rules in Illinois could make an impact in the following two ways: First, state policies that promote positive competition among insurers can help lower the insurance premium for customers; Second, mandatory disclosure of and sufficient customer education on insurance companies’ default risk can help mitigate customers’ ambiguity of forming the expectation of indemnification, which likely leads to suboptimal insurance coverage, according to a published study of me and my coauthor Richard Peter (“Do you trust your insurer? Ambiguity about contract nonperformance and optimal insurance demand”, Journal of Economic Behavior & Organization, 2019).

  3. What natural or environmental factors should drivers in Illinois consider when shopping for the best car insurance coverage?

    Depending on where drivers live and use their vehicles most often, for example, in urban or rural areas, driving on interstate often or not, parking in covered garages or open lots, drivers can decide whether to include collision coverage and/or comprehensive coverage in their policy. For example, for a driver living in a safe urban area, driving mostly for their work commute, and parking in a secured garage, comprehensive coverage may be something the driver can consider opting out.

  4. What steps can drivers in Illinois take to find affordable car insurance?

    There are several factors within our means to control. Following traffic rules while driving is a good place to start. Taking defensive driving lessons would be a good thing to do. Having a car that we can afford is something we can do. Getting and maintaining good credit is also within our means. We should also search extensively to get the best possible coverage for the premium we can afford to pay. We could do this electronically through appropriate search tools or get help from an insurance agent.


Jim Snooks
Jim SnooksAssociate Professor of Business at Moraine Valley Community College
Jie Ying
Jie YingAssistant Professor of Finance at Southern Illinois University Edwardsville
Amit Sinha
Amit SinhaProfessor of Finance and Quantitative Methods at Bradley University

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Sources